Justdial To Raise 822-950 Cr Through IPO


Its only competition is Google’s search engine but the internet company has gone ahead of the search giant for its wealth of information that Google did not possess as the internet came to use for local search much after Just Dial was functioning.

In order to get a glimpse of Justdial’s funding recap, the internet company started off with 50,000 seed capital. In 2006 SAIF put in 50 crore and Just Dial received a whopping 77 crore investment in 2007. In 2009, Sequoia Capital put in 38.35 crore  and again invested 41 crore in 2011 along with SAP Ventures. Justdial received another investment from them in 2012 with 327 crore.

Just Dial which saw a revenue increase to 277 crores in FY12 from 71.6 crore in FY08 has further expansion plans which include a market place to buy and sell goods starting with cars and also enabling transactions between consumers and businesses listed in the company.

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